M. Lamers: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
M. Lamers
Largest movements
- Receivables within one year -€17,814
down €17,814 (-97.0%), from €18,365 to €550
of which Trade receivables: -€18,150
- Cash +€8,602
up €8,602 (+12.6%), from €68,108 to €76,709
mainly Receivables within one year (+€17,814) and Other debts (+€2,400)
- Profit (loss) carried forward -€6,485
new in 2025: -€6,485
- Tax, wage and social debts -€6,182
down €6,182 (-100%), from €6,182 to €0
- Other debts +€2,400
up €2,400 (+40.0%), from €6,000 to €8,400
- Trade debts +€1,054
up €1,054 (+58.9%), from €1,790 to €2,845
- Gross operating margin -€18,570
down €18,570, from €12,667 to -€5,903
- Taxes -€3,289
down €3,289 (-100%), from €3,289 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,472 | €77,259 | -€9,213 | -10.7% |
| Current assets | 29/58 | €86,472 | €77,259 | -€9,213 | -10.7% |
| Amounts receivable within one year | 40/41 | €18,365 | €550 | -€17,814 | -97.0% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100% |
| Other amounts receivable | 41 | €215 | €550 | +€336 | +156% |
| Cash at bank and in hand | 54/58 | €68,108 | €76,709 | +€8,602 | +12.6% |
| Total equity and liabilities | 10/49 | €86,472 | €77,259 | -€9,213 | -10.7% |
| Equity | 10/15 | €72,500 | €66,015 | -€6,485 | -8.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,485 | -€6,485 | |
| Amounts payable | 17/49 | €13,972 | €11,245 | -€2,728 | -19.5% |
| Amounts payable within one year | 42/48 | €13,972 | €11,245 | -€2,728 | -19.5% |
| Trade debts | 44 | €1,790 | €2,845 | +€1,054 | +58.9% |
| Suppliers | 440/4 | €1,790 | €2,845 | +€1,054 | +58.9% |
| Taxes, remuneration and social security | 45 | €6,182 | €0 | -€6,182 | -100% |
| Taxes | 450/3 | €6,182 | €0 | -€6,182 | -100% |
| Other amounts payable | 47/48 | €6,000 | €8,400 | +€2,400 | +40.0% |
| Other operating charges | 640/8 | €562 | €527 | -€34 | -6.1% |
| Gross operating margin | 9900 | €12,667 | -€5,903 | -€18,570 | |
| Operating profit (loss) | 9901 | €12,106 | -€6,430 | -€18,536 | |
| Financial charges | 65/66B | €46 | €55 | +€9 | +18.7% |
| Recurring financial charges | 65 | €46 | €55 | +€9 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €12,059 | -€6,485 | -€18,545 | |
| Income taxes | 67/77 | €3,289 | €0 | -€3,289 | -100% |
| Profit (loss) for the period | 9904 | €8,770 | -€6,485 | -€15,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,770 | -€6,485 | -€15,256 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.